03:00 Fri 11 Oct 2019
Amphion Innovations - Sale of Partner Company Shares
("Amphion" or "the Company")
Sale of Partner Company Shares
The last reported loan balance of the Facility was US
Amphion remains highly cash constrained however the Directors had hoped to avoid significant sales of Polarean shares whilst Amphion considers both its short term and medium financing options and works with its debt providers. The Directors consider it to be unfortunate that repayment of the Facility required the sale of Amphion's shares in Polarean. Amphion remains committed to Polarean's success and looks forward to supporting the company in the future.
Further to the Company's announcement on
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
For further information please contact:
| Tel: +1 (212) 210 6224 | ||||
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| Tel: +44 (0)20 7886 2500 | ||||
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| Tel: +44 (0) 20 3470 0470 | ||||
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Walbrook PR | Tel: +44 (0)20 7933 8780 or [email protected] | ||||
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